The Management, Utilization, and Taxation of Repatriated Offshore Funds Act Article 10

The account-handling bank, which fails to withhold tax, effect payment of the tax withheld, and report in accordance with Paragraphs 1 and 2, Article 5; Paragraph 5, Article 6, and the preceding article, or which has withheld tax in accordance with Paragraphs 1 and 2, Article 5 and Paragraph 5, Article 6 but fails to effect payment of the tax withheld in accordance with the preceding article, or which has reported in accordance with the preceding article but failed to withhold or under-withhold in accordance with Paragraphs 1 and 2, Article 5; Paragraph 5, Article 6, and the preceding article, shall, in addition to being instructed to make up the tax that is not withheld, under-withheld, or not effected payment and to resubmit the report within a given time limit, be subject to a fine of up to the amount of such tax.The account-handling bank, which has withheld and effected payment of tax in accordance with Paragraphs 1 and 2, Article 5; Paragraph 5, Article 6, and the preceding article but fails to report in accordance with the preceding article, shall be subject to a fine at 20% of the tax amount withheld. However, the amount of the fine shall be between NT$1,500 and NT$20,000.